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MBIA has the Highest Return on Equity in the Property & Casualty Insurance Industry (MBI, ERIE, STC, EIG, AFSI)
Mar 14, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Property & Casualty Insurance industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.MBIA ranks highest with a ROE of 50.6%. Erie Indemnity is next with a ROE of 22.5%. Stewart Information Services ranks third highest with a ROE of 21.3%.
Employers Holdings follows with a ROE of 21.1%, and Amtrust Financial Services rounds out the top five with a ROE of 16.8%.
SmarTrend recommended that subscribers consider buying shares of MBIA on November 26th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $8.94. Since that recommendation, shares of MBIA have risen 40.3%. We continue to monitor MBIA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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UPDATED 1:31 AM EST - Jun 18, 2013
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